Weyerhaeuser (NYSE:WY) Stake Cut by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC reduced its holdings in Weyerhaeuser (NYSE:WY) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,454 shares of the real estate investment trust’s stock after selling 12,751 shares during the period. Woodmont Investment Counsel LLC’s holdings in Weyerhaeuser were worth $1,730,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC increased its position in Weyerhaeuser by 39.1% in the 3rd quarter. Intech Investment Management LLC now owns 28,455 shares of the real estate investment trust’s stock worth $963,000 after purchasing an additional 7,992 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Weyerhaeuser by 23.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust’s stock worth $132,709,000 after purchasing an additional 740,508 shares during the last quarter. Raymond James Trust N.A. increased its position in Weyerhaeuser by 16.4% in the 3rd quarter. Raymond James Trust N.A. now owns 75,241 shares of the real estate investment trust’s stock worth $2,548,000 after purchasing an additional 10,598 shares during the last quarter. Nwam LLC acquired a new position in Weyerhaeuser in the 3rd quarter worth about $232,000. Finally, Cerity Partners LLC increased its position in Weyerhaeuser by 17.5% in the 3rd quarter. Cerity Partners LLC now owns 154,321 shares of the real estate investment trust’s stock worth $5,225,000 after purchasing an additional 23,023 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WY. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Finally, Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

WY opened at $29.18 on Monday. The firm has a market capitalization of $21.17 billion, a P/E ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The stock’s 50 day moving average price is $30.03 and its two-hundred day moving average price is $30.75. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.